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Michael Pettis
What's surprising about this paper is not its conclusion, but the fact that it was produced by the Fed, and not some radical leftists.
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Dog's Blockedfast Aug 9
Replying to @michaelxpettis
To deflect attention from their own culpability perhaps?
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three dogs Aug 9
Not as if these things happen in isolation sans official policy support. I await the paper on the positives!
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Pablo Bortz Aug 9
Replying to @michaelxpettis
A Fed paper that starts quoting Kalecki!
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Trig (Fed up Conservative) Aug 9
Replying to @michaelxpettis
... and whose bonds is the Fed illegally buying?
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Sebastien Aug 9
Replying to @michaelxpettis
It has been written many times before
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Robert Bond Aug 9
Replying to @michaelxpettis
Equally amazing: they funded this report when anyone could read a 2019 book about it, with charts. “The Great Reversal”, Thomas Philippon.
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MP60 Aug 9
Bizarre! This begs the question- Then why is Fed buying Corporate Bonds (and that too Junk Bonds)? And have set up all sorts of Lending Facilities to lend money to Corporate? cc:
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Ty 🐒 Aug 9
it doesn’t beg the question,—it ‘raises the question’.
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Thomas Kuhn Aug 9
There's a cultural degeneracy caused by a neo-liberalism that placed money as the highest cultural value. Corporate power is some of it but capital corrupting politics goes a lot further in describing the problem - especially corrupting the decisions of the U.S. federal reserve.
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Commits random acts of madness Aug 9
Replying to @michaelxpettis
wow
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